DITP sets up center to cope with Euro-zone crisis impact

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BANGKOK, 25 June 2012  – Department of International Trade Promotion (DITP) is planning to set up a service center to cope with the impact of the European economic crisis and also to focus on penetrating ASEAN Market 

Director General Department of International Trade Promotion Nuntawan Sakuntanaga has revealed that, in order to better handle the Euro-zone crisis, Department of International Trade Promotion will set up a service-center called “One Stop Service”, focusing on ASEAN market penetration by increasing Thai exports to the Asean regional block this year; which already has risen in ratio by 25.7 percent in the first 4 months.

As a result, Thailand will be penetrating Indonesian market by exporting Thai-brand products such as accessories, Muslim clothes, children’s wear, and fashion bags.

Organic products of the “Royal Project”, fruit, and vegetables will be exported to Singapore. In addition, Thailand will focus on exporting to economy-based cities in Cambodia and foreign investments in Myanmar.

Furthermore, there will be 13 exhibitions of Thai consumer products in 8 different countries, both in the main and new economy-based cities of ASEAN. The department also aims to encourage Thai entrepreneurs to invest more in foreign countries like Loas, Myanmar, Cambodia, and Vietnam in order to build networks and procure raw materials.